News articles about Royal Bank Scotland PLC (The) (NYSE:RBS) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Royal Bank Scotland PLC (The) earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 43.3540983236707 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- PRESS DIGEST- British Business – Aug 16 (AB1, RY4B, MER, RBS) – Markets Insider (markets.businessinsider.com)
- RBS ‘outperforming’ its restructuring plans says UBS as it ups price target – Proactive Investors UK (proactiveinvestors.co.uk)
- RBS plans to cut 880 IT jobs by 2020, UK labor union says (finance.yahoo.com)
- Royal Bank Scotland PLC (The) (RBS) Lowered to “Hold” at Zacks Investment Research (americanbankingnews.com)
- The Royal Bank of Scotland is now in much better shape – Isle of Man Today (iomtoday.co.im)
Shares of Royal Bank Scotland PLC (NYSE RBS) traded up 0.60% on Friday, hitting $6.69. 852,963 shares of the company were exchanged. The stock’s market capitalization is $39.67 billion. The firm’s 50-day moving average is $6.69 and its 200-day moving average is $6.37. Royal Bank Scotland PLC has a 52-week low of $4.18 and a 52-week high of $7.06.
Royal Bank Scotland PLC (The) (NYSE:RBS) last issued its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.10 billion. Royal Bank Scotland PLC (The) had a negative net margin of 23.27% and a positive return on equity of 6.92%. Equities research analysts predict that Royal Bank Scotland PLC will post ($14.00) earnings per share for the current year.
RBS has been the topic of several research analyst reports. Zacks Investment Research raised Royal Bank Scotland PLC (The) from a “hold” rating to a “buy” rating and set a $7.25 price target on the stock in a report on Wednesday, June 21st. BidaskClub lowered Royal Bank Scotland PLC (The) from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. ValuEngine upgraded Royal Bank Scotland PLC (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Investec upgraded Royal Bank Scotland PLC (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, June 7th. Finally, HSBC Holdings plc upgraded Royal Bank Scotland PLC (The) from a “reduce” rating to a “hold” rating in a research note on Friday, August 11th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $7.25.
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Royal Bank Scotland PLC (The) Company Profile
The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.
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